ANURAAG BHEDA

$ETH LATEST: ⚡️ BlackRock has filed with the SEC for a new staked Ethereum ETF that would combine price exposure with staking yields, creating a separate product from its existing iShares Ethereum Trust ETF.

$BTC Bitcoin Attracts Record $732 Billion in New Capital, Surpassing All Previous Cycles Combined: Report

Bitcoin attracted a record $732B in new capital during 2022–2025, surpassing all inflows recorded during previous cycles combined.

Market Dominance and Volatility
Since November 2022, Bitcoin’s dominance has increased from 38.7% to 58.3%. Glassnode attributes this to a shift toward higher-liquidity and lower-risk assets. Meanwhile, Ethereum’s market share has declined to 12.1%, continuing its multi-year trend of underperformance relative to Bitcoin following the 2022 Merge. The broader Altcoin sector now represents 21.3% of the total market due to subdued retail participation and limited speculative capital compared with previous cycles.

Additionally, Stablecoins account for 8.3% of the total market, slightly higher than last year but below their 17.3% peak in late 2022. The report highlights that these assets remain the primary quote currency on centralized and decentralized exchanges. Further, their rising adoption in emerging markets contributes to liquidity and supports dollar-denominated trade.

$BTC LATEST: 🌎 Michael Saylor says nation-states should develop regulated digital banking systems backed by Bitcoin reserves, arguing that such accounts could offer higher yields while speaking at Bitcoin MENA.

$BTC LATEST: 📊 Glassnode says that multiple Bitcoin onchain metrics now resemble conditions seen at the start of the 2022 bear market, including elevated top buyer stress and a sharp rise in supply held at a loss.

#zcash $BTC $ETH Cypherpunk Technologies Inc. announced Tuesday that Zooko Wilcox, founder of prominent privacy coin Zcash and former CEO of Electric Coin Company, has joined the Zcash treasury firm as a strategic advisor.

The move preceded a sizable surge in Cypherpunk’s stock price Tuesday, all while Zcash itself continues to rebound after a recent sell-off. Cypherpunk said in a press release that Wilcox will guide the company's development of self-sovereign digital systems focused on privacy and freedom.

Cypherpunk kicked off its Zcash embrace in November, following the lead of other crypto treasury firms like Bitcoin giant Strategy (with $61 billion in BTC) and top Ethereum firm BitMine Immersion Technologies (with nearly $13 billion in ETH).

$BTC LATEST: 📈 Bernstein analysts say Bitcoin's four-year cycle is dead and that the cryptocurrency is now in an elongated bull cycle, with sustained institutional buying offsetting any retail panic-selling.

#Cardano Cardano founder Charles Hoskinson has shared a detailed vision for the blockchain’s future, signaling that 2026 could become a decisive year for the ecosystem, provided its leadership factions resolve long-standing coordination issues.

Speaking during a Dec. 1 livestream, Hoskinson admitted that internal power struggles have slowed Cardano’s momentum but said the platform is finally positioned to accelerate.

For years, Input Output (IO) held the dominant role in Cardano’s governance. The company controlled three of the eight genesis keys, giving it the deciding vote over protocol upgrades and ADA reserves.

That changed in November 2024 with the implementation of CIP-1694, which burned the genesis keys and shifted governance authority to the broader community.

The IOHK founder compared the new system to the legislative and judicial branches of government, though he noted Cardano still lacks a practical executive function.

$ETH LATEST: 📈 BitMine purchased 138,452 ETH last week for roughly $429 million, marking its largest buy in nearly eight weeks and bringing its total holdings to 3.8 million ETH — worth around $12 billion.

$BTC The bitcoin price is currently pumping and hit highs of $94,640 today, climbing over 4% in the last 24 hours. Bitcoin’s 24-hour trading volume reached $46 billion. It stands at its seven-day high.

The total circulating supply of Bitcoin is 19,959,806 BTC, with a maximum supply of 21 million. Today’s market capitalization is roughly $1.86 trillion, reflecting the 4% daily gain.

The broader bitcoin space is experiencing some momentum. The Bitcoin MENA conference in Abu Dhabi just wrapped up, full of bank leaders and industry thought leaders sharing their thoughts on Bitcoin’s future.

Earlier today, Jack Mallers’ Bitcoin company, Strike, and Twenty One rang the opening bell at the New York Stock Exchange. The company holds over 43,500 BTC — around $4 billion — making it the world’s third-largest publicly listed Bitcoin holder.

$BTC Anthony Pompliano-led ProCap BTC closed its SPAC merger on Friday.

This year's crop of quickly-formed bitcoin treasury companies have plunged in value, and BRR fell more than 50% this week as its merger went forward.

Pompliano attempted to address investor concerns over management and board compensation.

Special purpose acquisition company (SPAC) Columbus Circle Capital (BRR) and ProCap BTC — led by Anthony Pompliano and having raised more than $750 million to build a bitcoin treasury firm — closed their merger late Friday.

The combined company has been renamed ProCap Financial and will begin trading on the Nasdaq under the BRR symbol on Monday.

$ETH Ethereum co-founder Vitalik Buterin has proposed a trustless onchain gas futures market to help users hedge against future transaction fees.

Industry voices, including Flashbots strategy steward Hasu and Gnosis co-founder Martin Koppelmann, shared skepticism about the idea.

Ethereum co-founder Vitalik Buterin has proposed creating a trustless onchain gas futures market to give users and developers a way to hedge against future transaction costs.

In an X post, Buterin said users often ask whether today’s relatively low fees will persist over the next two years, even with ongoing scaling work across the Ethereum roadmap.

On Ethereum, “gas” is the fee users pay to make the network do something — like sending a transaction or using a smart contract. Every action on Ethereum requires a small amount of computational work, and gas measures how much of that work is needed. When the network is busy, gas costs rise and vice versa.

For years, Ethereum was known for wide swings in gas fees, with costs spiking sharply during periods of heavy activity, especially during NFT booms, DeFi growth cycles, and popular token launches. Because fees rose and fell with demand, users often had little visibility into what transactions might cost from one week to the next.

$ETH BitMine Immersion Technologies, the largest Ethereum treasury firm, bought 138,452 tokens last week, increasing its total holdings to 3.86 million ETH.

The firm's latest purchase is valued at approximately $435 million, marking its largest weekly acquisition in at least a month.

Chairman Thomas Lee cited Ethereum's Fusaka upgrade and macroeconomic factors as reasons for the firm's increasing the pace of its accumulation strategy.

$ETH BitMine bought $150 million worth of ETH on Wednesday, according to Arkham.

Ethereum treasury company purchases have declined 81% in November from their peak in August, data show.

BitMine, the Ethereum treasury firm led by Fundstrat co-founder Tom Lee, added $150 million worth of ETH to its holdings on Wednesday.

According to onchain analytics platform Arkham, BitMine acquired 18,345 ETH through BitGo and 30,278 ETH through Kraken. However, this transaction has not been officially confirmed by BitMine.

The world's largest Ethereum treasury company has consistently been buying ETH this year, even through November's market slump. In the last week of the month, BitMine purchased 96,798 ETH, bringing BitMine's treasury to over 3% of the total circulating Ethereum supply. The company has repeatedly stated its goal of accumulating 5% of the total supply and expressed its commitment to supporting Ethereum's growing role in financial market services.

Unlike BitMine, digital asset treasuries have been reducing their ETH purchases since a peak recorded in August. According to recent data from Bitwise, Ethereum DATs collectively purchased around 370,000 ETH in November — an 81% decrease compared to 1.97 million ETH in August.

$BTC Strategy Stock Still a Buy at Cantor After Plunge Forces Major Price Target Cut

Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.

$BTC Bitcoin treasury company Strategy (formerly MicroStrategy) acquired an additional 130 BTC for approximately $11.7 million at an average price of $89,960 per bitcoin between Nov. 17 and Nov. 30, according to an 8-K filing with the Securities and Exchange Commission on Monday.

Strategy now holds a total of 650,000 BTC — worth around $56 billion — bought at an average price of $74,436 per bitcoin for a total cost of around $48.4 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. The haul represents more than 3% of Bitcoin's total 21 million supply, and, despite the recent market slump, still implies around $7.6 billion of paper gains at current prices.

The latest acquisitions were made using proceeds from at-the-market sales of its Class A common stock, MSTR. During the last two weeks, Strategy sold 8,214,000 MSTR shares for approximately $1.48 billion. As of Nov. 30, $13.37 billion worth of MSTR shares remain available for issuance and sale under that program, the firm said. No shares of its various perpetual preferred stocks were sold in the period, with a collective $30.2 billion remaining under those ATM programs.

$ETH Tom Lee's BitMine Acquires 97K ETH, Eyeing Fusaka Upgrade, Fed Policy as Positive Catalysts

The firm increased the pace of purchases from the previous week despite sitting on large unrealized losses on its ether bet.

BitMine Immersion Technologies purchased 96,798 ETH last week, increasing its total holdings to 3.73 million tokens.

Despite sitting on large unrealized losses, BitMine remained one of the few firms continuing to buy, while others have halted or sold digital assets.

Tom Lee cited Ethereum's upcoming Fusaka upgrade and potential Federal Reserve policy changes as reasons for increasing the pace of ETH purchases.

$XRP Ripple is set to unlock 1 billion XRP from escrow today, December 1, continuing its long-running monthly release schedule.

The programmed unlocks, enforced directly by the XRP Ledger protocol, have been a defining feature of Ripple’s supply management framework since 2017, when more than half of the total XRP supply was locked to ensure transparency and predictability.

Indeed, as reported by Finbold, Ripple is estimated to clear the locked XRP by 2035 if it maintains the current 1 billion schedule.

Today’s release follows the same structure: one billion tokens will exit escrow, but only a fraction is expected to reach active circulation.

$BTC Why is Bitcoin price dipping?

Multiple forces might be behind the renewed selloff. The most immediate shock could be from a security incident at Yearn Finance, where a flaw in the protocol’s yETH pool allowed an attacker to mint an abnormally large amount of tokens.

The exploit flooded the pool with invalid supply and triggered a rush for the exits across DeFi — spilling over into majors like BTC and ETH.

But macro pressure has been building in parallel. A sharp spike in Japanese government bond yields — part of a broader global repricing of interest-rate expectations—sparked a risk-off move in Asia trading hours, hitting an already fragile, low-volume crypto market.

Comments from Bank of Japan Governor Kazuo Ueda signaled the possibility of a December rate hike — an event that would be Japan’s first move away from negative interest rate policy in years.

The remarks sent Japan’s 30-, 10-, and 2-year government bond yields to their highest levels since 2008. A stronger yen could force hedge funds that borrow cheaply in Japan to unwind carry trades, adding fresh pressure to bitcoin and other risk assets.

According to 10x Research, last week marked one of the lowest-liquidity stretches since July, leaving order books thin and amplifying the impact of institutional selling.

$BTC Bitcoin Whales Return to Buying for the First Time Since August as Price Recovers Above $90K

Large holders return to buying after months of distribution, signalling renewed confidence at key support levels.

Whales holding more than 10,000 BTC have become strong accumulators, with a trend score of 0.8, while multiple cohorts, ranging from retail to mid-sized holders, are also buying the dip.
The growing accumulation aligns with the $82,000 cost basis of U.S. spot bitcoin ETFs, suggesting the market views the $80,000 region as a fair value.

Whales and early bitcoin holders have been heavy net sellers throughout 2025, specifically since August, as large holders have reduced their holdings meaningfully, taking advantage of price levels above $100,000.

$SOL LATEST: 📊 Solana ETFs saw their first outflow of $8.1M on Wednesday, driven entirely by a $34.37M redemption from 21Shares' TSOL fund, while XRP ETFs have maintained their perfect streak with $643M in cumulative inflows since launch.